GENEVA (Reuters) – China has halted a dispute at the World Trade Organization over its claim to be a market economy, a panel of three WTO adjudicators said on Monday, meaning Beijing must accept continued EU and U.S. “anti-dumping” levies on cheap Chinese goods.
One trade official close to the case said so much of the ruling had gone against Beijing that it had opted to pull the plug before the result became official.
“They lost so much that they didn’t even want the world to see the panel’s reasoning,” the official said.
Without a WTO ruling in Beijing’s favor, the EU and United States can keep imposing duties on cheap imports from China while disregarding its claim that they are fairly priced.
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